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Topic: pull back @ $750 = FAIL (Read 224 times)

legendary
Activity: 1470
Merit: 1010
Join The Blockchain Revolution In Logistics
June 17, 2016, 02:57:11 PM
#1
Hey kids,

BTC just popped.

Now unless the global monetary reset is tomorrow, it is very very likely to start a roll back.

You are looking at a head and shoulders, might talk 6 more months to make that clear, but tons of ALTs have gone through the "halving" and the trend is nearly predictable. 

And for BTC it just sputtered out, add to the mix the ETH fiasco.

It is the inflation stupid.  Granted that BTC might have established a $10Billion capital top, but it will argue with that top for years ... I just said years.

That said the volume is impressive.  If BTC can maintain +$100M/day trade then there might be a new challenge to the top. 

Welcome to high wage risk markets. Kids.
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